The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Update

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 1,100.0% from the February 13th total of 400 shares. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is presently 0.2 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 0.2 %

NYSE:GGZ traded down $0.02 during trading hours on Wednesday, hitting $12.08. 12,939 shares of the stock were exchanged, compared to its average volume of 19,782. The company’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.31. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Monday, March 17th.

Insider Buying and Selling at The Gabelli Global Small and Mid Cap Value Trust

In related news, insider Mario J. Gabelli bought 6,300 shares of The Gabelli Global Small and Mid Cap Value Trust stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $11.66 per share, for a total transaction of $73,458.00. Following the completion of the transaction, the insider now owns 45,586 shares of the company’s stock, valued at approximately $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at about $692,000. Comerica Bank grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 10.0% during the 4th quarter. Comerica Bank now owns 11,000 shares of the company’s stock worth $129,000 after acquiring an additional 1,000 shares during the period. Shaker Financial Services LLC grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 54.0% during the 4th quarter. Shaker Financial Services LLC now owns 95,751 shares of the company’s stock worth $1,120,000 after acquiring an additional 33,568 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter valued at $968,000. Finally, Raymond James Financial Inc. acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at $329,000.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.